Announcement

$OM Staking Now Available on Binance

Enjoy staking rewards of up to 106.57% APY through OM Locked Staking on Binance Earn.
Average read time:
minute
Key Takeaways

MANTRA DAO has great news! Sherpas who are seeking to stake their OM can access staking rewards of up to 106.57% APY through OM Locked Staking on Binance Earn.

Boosted rewards are on a first-come, first-served basis. The longer you lock your tokens, the higher your boost in APY!

  • Begin Locked Staking your OM on April 21st at 12:00 PM UTC.

What is Locked Staking on Binance Earn?

Sherpas can always earn a juicy APY for staking their OM on MANTRA DAO, but Binance Earn is boosting staking rewards to mouth-watering proportions with its Locked Staking program.

All you have to do is choose how long you want to stake your OM to access higher APY during Binance Earn’s Boost Promo Period. You can Lock Stake OM for 30, 60, or 90 days on Binance Earn to boost your rewards APY with boosts adjusted to the length of your OM Lock Stake.

Lock Stake your OM from 30 to 90 days to participate:

  • 30 Days Locked Staking: 35.79% APY | Standard: 35.79% APY
  • 60 Days Locked Staking: 43.68% APY | Standard: 43.68% APY
  • 90 Days Locked Staking: 106.57% APY | Standard: 52.69% APY

After the boost period ends, rewards APY for Lock Staked OM will adjust to a standard annualized interest rate.

The minimum token amount for Locked Staking is 1 OM. There is also a maximum Locked Staking token limit for each user:

  • 30 Days: 90,000 OM limit
  • 60 Days: 8,000 OM limit
  • 90 Days: 600 OM limit

What Else Should Sherpas Know?

You can find more information on Binance Earn’s Locked Staking FAQs. Sherpas can check their Locked Staked OM balance by navigating to Wallets > Earn > Locked Staking > Locked.

  • Binance Earn will provide the boost for OM Locked Staking APY for the duration of the promo period only.
  • APY will be adjusted on a daily basis according to on-chain data and is subject to change.
  • Sherpas can unlock their Lock Staked OM with an unlocking period of 1 day.
  • Sherpas who redeem their OM rewards in advance of the Locked Staking period will have their principal returned with distributed interest deducted within 48 to 72 hours.
  • Binance Earn reserves the right to amend or cancel the terms of the Locked Staking boost at its own discretion.

Participate As Soon As Possible for Boosted APY!

MANTRA DAO is grateful for Binance Earn’s commitment to reward the Sherpa community and OM holders. This is a Locked Staking event you don’t want to miss!

Boosted rewards for Locked Staked OM won’t last for long, so Sherpas who get in early will see higher APY returns. Set your alarms and mark your calendars to make sure you can Lock Stake your OM with Binance Earn to maximize your staking rewards!

Head over to www.binance.com/staking/ to buy more $OM now!

IMPORTANT INFORMATION

This material is intended to be of general interest only and should not be construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy. It does not constitute legal or tax advice. The views expressed are those of the author and the comments, opinions and analyses are rendered as of the publication date and may change without notice. There is no guarantee that any forecasts or predictions made will come to pass. The information provided in this material is not intended as a complete analysis of all material facts or circumstances regarding any country, region or market. All investments involve risks, including possible loss of principal.

Risk management does not imply elimination of risks, and not all investments are suitable for all investors. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by MANTRA to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. Data from third party sources has not independently verified, validated or audited. MANTRA accepts no liability whatsoever for any loss arising from use of this information; reliance upon the comments, opinions and analyses in the material is at the sole discretion of the user.

Any products, services and information in this material may not be available in all jurisdictions and are offered local laws and regulation permit. Please consult your own financial professional or legal advisor for further information on availability of products and services in your jurisdiction. Please also see the disclaimer which is found at the bottom of this website under the heading “Important Disclosures”.​

Related articles

Announcement

An Update on Team & Advisors’ OM Token Vesting

Announcement

CIRUS ZENDIT: Announcement + Participation & Pool Details

CIRUS ZENDIT: Announcement + Participation & Pool Details

Featured In

Privi Pix FLASH ZENDIT: Announcement + Participation & Pool Details

$PIX Pool Opens on Thursday, Aug 26th, 12 PM UTC